LEASES (Tables)

9 Months Ended

Sep. 30, 2025

LEASES [Abstract]

Supplemental Cash Flow Information and Non-Cash Activity Related to Leases

Supplemental cash flow information and non-cash activity related to leases are as follows:

	For the Nine Months Ended September 30,
		2025		2024
Cash used in operating leases	$	18,459	$	17,115
ROU assets obtained in exchange for new lease obligations	$	—	$	46,876

ROU Lease Assets and Lease Liabilities

ROU lease assets and lease liabilities for the Company’s operating leases were recorded in the condensed consolidated balance sheet as follows:

		September 30, 2025			December 31, 2024
Right of use assets, net	$	18,097		$	35,560
Short-term operating lease liabilities	$	18,097		$	23,423
Long-term operating lease liabilities		—			12,137
Total lease liabilities	$	18,097		$	35,560
Weighted average remaining lease term (in years)		0.75			1.75
Weighted average discount rate		4.8	%		4.8	%

Components of Lease Expenses

The components of lease expense were as follows for each of the periods presented, which are included in general and administrative expenses in the condensed consolidated statements of operations:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
		2025		2024		2025		2024
Operating lease expense	$	6,153	$	6,153	$	18,459	$	17,115
Short-term lease expense		5,990		8,148		17,789		23,146
Total operating lease costs	$	12,143	$	14,301	$	36,248	$	40,261

Future Lease Payments Included in Measurement of Lease Liabilities

Future lease payments included in the measurement of lease liabilities on the condensed consolidated balance sheet as of September 30, 2025, were as follows:

		September 30, 2025
2025 (remaining)		6,153
2026		12,306
Total future minimum lease payments		18,459
Less imputed interest		(362	)
Total	$	18,097